{"id":84720,"date":"2025-06-01T02:47:11","date_gmt":"2025-06-01T02:47:11","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=84720"},"modified":"2025-06-01T02:47:11","modified_gmt":"2025-06-01T02:47:11","slug":"which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of\/","title":{"rendered":"Which one of the following indices is now used by the Reserve Bank of"},"content":{"rendered":"

Which one of the following indices is now used by the Reserve Bank of India to measure the rate of Inflation in India?<\/p>\n

[amp_mcq option1=”NASDAQ Index” option2=”BSE Index” option3=”Consumer Price Index” option4=”Wholesale Price Index” correct=”option3″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CDS-1 – 2017<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe Reserve Bank of India (RBI) now uses the Consumer Price Index (CPI) to measure the rate of inflation in India for monetary policy purposes. Specifically, the CPI Combined (CPI-C) is the key measure.
\n<\/section>\n
\nHistorically, the Wholesale Price Index (WPI) was the primary measure of inflation in India. However, WPI captures price changes at the wholesale level and does not reflect the prices paid by consumers. Following recommendations by committees and a shift in focus towards consumer inflation globally, the RBI officially adopted CPI-Combined as its main inflation target measure around 2014-2015.
\n<\/section>\n
\nNASDAQ and BSE Index (Sensex) are stock market indices, which measure the performance of stock markets, not inflation. CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. WPI measures the average change in the price of commodities at the wholesale level.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Which one of the following indices is now used by the Reserve Bank of India to measure the rate of Inflation in India? [amp_mcq option1=”NASDAQ Index” option2=”BSE Index” option3=”Consumer Price Index” option4=”Wholesale Price Index” correct=”option3″] This question was previously asked in UPSC CDS-1 – 2017 Download PDFAttempt Online The Reserve Bank of India (RBI) now … <\/p>\n

Detailed SolutionWhich one of the following indices is now used by the Reserve Bank of<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[1101,1120,1190],"class_list":["post-84720","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-1","tag-1101","tag-economic-development","tag-money-banking","no-featured-image-padding"],"yoast_head":"\nWhich one of the following indices is now used by the Reserve Bank of<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of India (RBI) now uses the Consumer Price Index (CPI) to measure the rate of inflation in India for monetary policy purposes. Specifically, the CPI Combined (CPI-C) is the key measure. Historically, the Wholesale Price Index (WPI) was the primary measure of inflation in India. However, WPI captures price changes at the wholesale level and does not reflect the prices paid by consumers. Following recommendations by committees and a shift in focus towards consumer inflation globally, the RBI officially adopted CPI-Combined as its main inflation target measure around 2014-2015.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which one of the following indices is now used by the Reserve Bank of\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of India (RBI) now uses the Consumer Price Index (CPI) to measure the rate of inflation in India for monetary policy purposes. Specifically, the CPI Combined (CPI-C) is the key measure. Historically, the Wholesale Price Index (WPI) was the primary measure of inflation in India. However, WPI captures price changes at the wholesale level and does not reflect the prices paid by consumers. Following recommendations by committees and a shift in focus towards consumer inflation globally, the RBI officially adopted CPI-Combined as its main inflation target measure around 2014-2015.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T02:47:11+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which one of the following indices is now used by the Reserve Bank of","description":"The Reserve Bank of India (RBI) now uses the Consumer Price Index (CPI) to measure the rate of inflation in India for monetary policy purposes. Specifically, the CPI Combined (CPI-C) is the key measure. Historically, the Wholesale Price Index (WPI) was the primary measure of inflation in India. However, WPI captures price changes at the wholesale level and does not reflect the prices paid by consumers. Following recommendations by committees and a shift in focus towards consumer inflation globally, the RBI officially adopted CPI-Combined as its main inflation target measure around 2014-2015.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of\/","og_locale":"en_US","og_type":"article","og_title":"Which one of the following indices is now used by the Reserve Bank of","og_description":"The Reserve Bank of India (RBI) now uses the Consumer Price Index (CPI) to measure the rate of inflation in India for monetary policy purposes. Specifically, the CPI Combined (CPI-C) is the key measure. Historically, the Wholesale Price Index (WPI) was the primary measure of inflation in India. However, WPI captures price changes at the wholesale level and does not reflect the prices paid by consumers. Following recommendations by committees and a shift in focus towards consumer inflation globally, the RBI officially adopted CPI-Combined as its main inflation target measure around 2014-2015.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T02:47:11+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of\/","name":"Which one of the following indices is now used by the Reserve Bank of","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T02:47:11+00:00","dateModified":"2025-06-01T02:47:11+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The Reserve Bank of India (RBI) now uses the Consumer Price Index (CPI) to measure the rate of inflation in India for monetary policy purposes. Specifically, the CPI Combined (CPI-C) is the key measure. Historically, the Wholesale Price Index (WPI) was the primary measure of inflation in India. However, WPI captures price changes at the wholesale level and does not reflect the prices paid by consumers. Following recommendations by committees and a shift in focus towards consumer inflation globally, the RBI officially adopted CPI-Combined as its main inflation target measure around 2014-2015.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-indices-is-now-used-by-the-reserve-bank-of\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC CDS-1","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-cds-1\/"},{"@type":"ListItem","position":3,"name":"Which one of the following indices is now used by the Reserve Bank of"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/84720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=84720"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/84720\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=84720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=84720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=84720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}